Tuesday, November 17, 2009

Day Trades - Potash Corp./Saskatchewan (USA) (Public, NYSE:POT)

Yesterday in the comments to the prior AMZN post, I mentioned a handful of stocks on my focus list. POT was on the list. It was also a long pick in the HCPG newsletter last night. Hope you guys caught this one today.

On the daily we see 2 NRIBs at the base $105.00. Today it was a runner.

The AMZN trade below is from yesterday. Early strength did not extend after the retest of the base. Eventually, it carved out a 3 PP base with NR7 trigger bar for a gap fill. AMZN was downgraded today and traded lock step with the retail sector XRT - leading the laggards on weak retail sales data.